525 South Ardmore Avenue
Los Angeles, CA, 90020 $ 289,000
Bedrooms1 Baths1.0 Sq 566 Monthly Estimate*
$ 1,825
for $289,000 with 1 bedroom and 1 full bath. This 566 square foot condo was built in 1973 on a lot size of 1.69.
An Opportunity in the Heart of Koreatown. ***FIXER*** A Prime Location Surrounded by Multi-Billion-Dollar Growth , Owning real estate in Koreatown and the broader 90012 Downtown LA corridor has always been smart. But the next three years are expected to be transformational. Several major economic engines are driving long-term value appreciation:1. 670 Mesquit A $1.4 Billion Mega Project Currently under construction, this mixed-use destination will include: Luxury apartments, Office space, Retail hotel , Large-scale developments like this historically elevate surrounding home values by boosting foot traffic, infrastructure, and desirability. 2. Massive Transit & Mobility Upgrades To prepare for global event sand to improve LA's urban coreseveral transportation projects are underway: Purple (D Line) Subway Extension, improving access across LA Dodger Stadium, Gondola (LA Aerial Rapid Transit) a $500 million rapid-access system , Major pedestrian cycling, & street corridor improvements along Figueroa, Olympic, and other key streets. Enhanced transportation = increased housing demand = long-term equity. 3. LA Convention Center Expansion. A major expansion projected to add $150M+ annually in business activity, creating job growth and attracting international events. 4. Early Build-Up for the 2028 Olympic Games, Although the Games are in 2028, 2026 is primed for peak preparation, including: Upgrades to Crypto.com Arena and the Peacock Theater , Metro's Games Enhanced Transit Service (GETS) with new zero-emission buses and new shuttle routes .Park-and-ride systems flowing directly through downtown. The LA economy is expected to generate billions in revenue between 2024-2029 due to Olympic-related activity. Why This Matters for You as a Buyer when you buy in Koreatown today, you're not just buying a home, you're buying into one of LA's strongest appreciation cycles. Housing near: Billion-dollar new developments , Major transit expansion, Olympic-driven improvements, Revitalized entertainment, hubs typically sees the highest property-value growth and strongest long-term demand. And with Park Villas' amenities, updates, and unbeatable location, "Parc de la Villa" stands out as a high-value, future-proof investment. Your Home. Your Lifestyle. Your Smartest Investment Yet. This unit gives you: Chance to re-design your own custom finishes, purchase under market value, A Pool, spa & clubhouse, Steps from Koreatown nightlife Surrounded by massive economic growth. Positioned perfectly for long-term appreciation
See more
FeaturesGeneralLiving Area 566
Heating Wall Furnace
Zoning LAR4
HOA Fee 466
Architectural Style Traditional
Pool Features Association
Security Features Gated Community
Year Built 1973
View Pool
Levels One
Property Subtype Condominium
Accessibility Other
Assoc Fee Paid Per Monthly
County Los Angeles
New Construction false
Property Type Residential
Association Amenities Clubhouse
HOA true
Attached Garage false
Status Active
City Los Angeles
Senior Community Y/N false
MLS Area C17 - Mid-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 73535
Spa Features Community
Land Lease Y/N false
Property Condition Fixer Repairs Cosmetic
Additional Parcels Y/N false
Standard Status Active
Year Built Source Assessor
See more
InteriorFlooring Laminate
Total Stories 1
Heating Y/N true
Fireplace Y/N false
Laundry Features None Community
Total Baths 1
See more
ExteriorParking Features Assigned
Water Source Public None
Lot Size Area 73535
Spa true
Building Area Total 566
Lot Size Acres 1.69
See more
* Excluded FeaturesList ByCesar MelendrezListing Agent
Jason Mitchell Real Estate CaBroker
cmelendrez@jasonmitchellgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,825
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Los Angeles, CA
Average List Price $1,068,888
Percent of Sale Price 270%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/29/2026 | $289,000 | -3.67% | Price Down |
| 5/13/2026 | $299,999 | | Listed Price |